a market consists of ten similar suppliers that are making the same supply decisions. to find the market supply of these ten suppliers, you: find the average quantity produced by the ten suppliers. take the individual supply of one supplier. take one-tenth of the individual supply of each supplier and add it up. multiply the individual supply of one of the suppliers by ten.

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30-11-2022
Business

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a market consists of ten similar suppliers that are making the same supply decisions. to find the market supply of these ten suppliers, you: find the average quantity produced by the ten suppliers. take the individual supply of one supplier. take one-tenth of the individual supply of each supplier and add it up. multiply the individual supply of one of the suppliers by ten.

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kjuli1766 kjuli1766 · Answer 1 · 2022-12-03T16:54:04+01:00

The market consists of 10 similar suppliers making the same bidding decision. To determine the market his offer of these 10 providers, multiply his 1 individual offer of the provider by 10.

The market consists of many buyers and sellers trading single commodities such as wheat, copper, and financial stocks. No single buyer or seller can significantly influence the current market price. The market is made up of many buyers and sellers trading at various prices rather than at a single market price.

Supply and demand in the market. A market is a place where buyers and sellers meet to facilitate the exchange and trade of goods and services. A marketplace can be physical, like a retail store, or virtual, like an e-merchant. Other examples include illegal markets, auction markets, and financial markets.

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